Country Report
Global aluminium smelter asset cost summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Global Aluminium Asset Summary examines the cost environment in the base year as well as historically and forward five years. The latest cost update slide deck and tables are found in the download section and are designated by the latest quarter. As part of our ongoing efforts to enhance our products, in this release, you have access to new content – both a redesigned quarterly report, as well as a new suite of interactive downloadable data.
Table of contents
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Aluminium smelter asset cost service - Q1 2026 update
- Supply disruptions are driving smelter margins to all‑time highs in 2026
- Raw materials and Energy:
- Global power tariffs are set to rise as the Middle East conflict lifts energy prices
- Global dependence on self‑generated power is projected to decrease as smelters shift toward grid power and PPAs in pursuit of a lower‑carbon energy mix
- Since 2023, the market has entered a period of widening divergence between aluminium prices and production costs, strengthening overall industry profitability
Tables and charts
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What's included
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